Cormark Has Optimistic Outlook of goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Equities research analysts at Cormark upped their FY2024 earnings per share estimates for goeasy in a report released on Monday, November 11th. Cormark analyst J. Fenwick now expects that the company will post earnings of $16.57 per share for the year, up from their prior estimate of $16.52. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy's Q3 2025 earnings at $5.46 EPS and Q4 2025 earnings at $5.80 EPS.

Several other research analysts have also issued reports on GSY. Scotiabank increased their price objective on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. National Bankshares increased their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of goeasy from C$202.00 to C$207.00 in a research report on Monday. Finally, Desjardins dropped their price objective on shares of goeasy from C$215.00 to C$210.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, goeasy currently has a consensus rating of "Moderate Buy" and an average price target of C$219.89.

goeasy Price Performance

Shares of GSY traded down C$2.42 during mid-day trading on Wednesday, reaching C$175.83. The company had a trading volume of 24,925 shares, compared to its average volume of 49,569. The company's 50-day moving average is C$179.97 and its 200-day moving average is C$184.04. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The company has a market capitalization of C$2.95 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a twelve month low of C$121.33 and a twelve month high of C$206.02.

Insiders Place Their Bets

In other news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total transaction of C$316,051.56. In other news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total transaction of C$316,051.56. Also, Senior Officer Jason Mullins sold 4,500 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. Insiders own 22.05% of the company's stock.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, December 27th. goeasy's payout ratio is presently 30.45%.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.